shanghai dazhong public utilities (group) co., ltd. held the tenth session of the fifth meeting of the board of directors on the morning of march 29, 2018, with 12 present directors among 13 directors supposed to come, among which director cheung yip sang entrusted chiarman yang guoping to attend and vote. all the supervisors and senior executives attended the meeting.
the meeting was chaired by yang guoping, chairman of the board. the meeting was legal and effective in accordance with the relevant provisions of the company law and the articles of association. the meeting considered following proposals, and passed the following resolutions: 2017 annual work report of the board of directors, 2017 annual work report of the general managers, 2017 annual work report of the independent directors, 2017 final financial account and 2018 annual financial budget report, 2017 annual profit dstribution plan of the company, 2017 annual report and abstract of the company, 2017 annual appraisal of internal control of the company, the 2017 report of duty execution of the audit committee of the board of directors, 2017 annual social responsibility report of the company, 2017 environmental, social and governance (esg) report, proposal about the annual daily related transaction condition in 2018, proposal on company application for bank credit in 2018，proposals on company application general credit limit and providing security to the holding subsidiary for external financing, proposals on contract renewal with accounting firm in 2018, proposals on engageing internal control audit institution of the company in 2018, proposal on company registation of issuing super short-term financing bonds and short-term financing bonds, proposal on compnay registation of issuing medium-term financing bonds, proposal on accounting changing policies, proposals on connected transaction for acquisition of equity interest, proposals on independent director subsidy adjustment, proposals on amending the articles of association and registering the applicant, proposal of convening 2017 annual shareholders meeting. in addition, the board of directors also confirmed the resolution of the 10th session of the audit committee of the board of directors, and the resolutions of 10th session of the first meeting of the remuneration and appraisal committee and nomination committee of the board of directors.
2017 was the year when the 13th five-year plan to be implemented, and the first year for dazhong public utilities group to become a listed company in a and h shares. the company is principally engaged in public utility and financial investment businesses, which are the two major sources of profit of the company. taking the advantages of dual listing in the mainland and hong kong to continuously expand aspects of business operation, dazhong public utilities group overfulfilled the various budget targets of 2017, and manage all kinds of work to achieve success.
previously, the company held the tenth session of the 5th meeting of the board of supervisors in the 903 meeting room of the company, with all the supervisors attended the meeting and considered and approved 12 proposals.
secretary of the board